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CBRE'S NET LEASE PROPERTY GROUP NEWPORT
RETAIL ROUNDUP
September 5, 2021
ace hardware on track to open more than 170 stores in 2021
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Ace Hardware is riding the home spending wave. Ace, the largest retailer-owned hardware cooperative in the world, has opened 110 new stores so far in 2021. It is planning to open at least an additional 60 locations by the end of the year. Ace captured the top spot in the "Highest in Customer Satisfaction Among Home Improvement Retail Stores" category.

 ...
cvs wants to be your therapist, too
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CVS Health Corp. is betting Americans will get therapy at the same place they buy their snacks, soda and prescription drugs. The pharmacy company is among several retailers including Walmart Inc. and Walgreens Boots Alliance Inc., that are experimenting with offering counseling services in or near stores.

 ...
ikea pilots u.s. furniture buyback and resale program as it eyes a nationwide launch
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Ikea is piloting a furniture buyback and resale program in the United States as it aims to make the service a permanent fixture at its stores nationwide. The pilot program will be available at its store in the Philadelphia suburb of Conshohocken from Monday through Sept. 19. It will eventually roll out to additional markets.

 ...
big blue swim school enters second half of the year with agreements for more than 150 locations
.Retailer
In May, Big Blue Swim School, the U.S.’s fastest-growing swim-school franchise, made a massive splash in Centennial, Colorado when it debuted its first franchise in the state and broke the brand’s record for pre-registrations as hundreds of families eagerly signed their children up for swim lessons.

 ...
johnny rockets' parent company to acquire twin peaks restaurant chain for $300 million
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Fat Brands is adding another restaurant brand to its growing menu. The owner of Fatburger, Johnny Rockets, Marble Slab Creamery and other restaurant companies has agreed to acquire casual dining chain Twin Peaks from Garnett Station Partners for $300 million.

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walgreens launches scarlet bank account, mastercard debit card
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Walgreens is introducing Scarlet, a bank account and Mastercard debit card provided by the company’s partnership with InComm Payments and available exclusively at the retailer. Scarlet debit cards are issued by MetaBank and the service will be available at more than 9,000 Walgreens stores, as well as online and via the Walgreens mobile app. 

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FEATURED PROPERTIES
SIMPSON CHEVROLET
Irvine, CA
NNN
$40,000,000

 
IHOP & PEOPLE'S UNITED BANK KIOSK
Wallingford, CT
$3,655,000
6.50% CAP
 
RITE AID
Duarte, CA
NNN
UNPRICED

 
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